Apple supplier Foxconn plans to invest $1 billion in India


Foxconn plans to invest up to $1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple iPhones.


Foxconn's planned investment in the Sriperumbur plant, where Apple's iPhone XR is made some 50 km west of Chennai, will take place over the course of three years and will add some 6,000 jobs at the Sriperumbur plant in Tamil Nadu state under the plan, one of the sources said.


Foxconn Chairman Liu Young-way last month said it would ramp up its investment in India, without giving details.

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